Scotiabank (Bank of Nova Scotia)

Canada-wideFinance & Insurance

Laid off (12 mo)

2,291

Events (12 mo)

Most recent

Dec 2025

🟡

Layoff Activity

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Trend vs prior 12 months: increasingAll-time: 2,291 laid off across 1 eventsBased on tracked events only — may not reflect all workforce changes

Is Scotiabank (Bank of Nova Scotia) currently laying off? →

Sources

Media Report

All events link to original source articles.

Layoff Event History

December 2025

2,291

jobs cut

Across Canada

Scotiabank reported a $373-million restructuring charge in Q4 2025 related to job cuts that resulted in 2,291 fewer employees by the end of the fourth quarter compared to the first quarter. The bank stated that these actions were undertaken to simplify operations and free up capacity to invest in technology and revenue-generating sales staff.

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